Category Archives for "Credit"

Church vs. Credit Cards

Originally posted on the Christian Post on February 3.   Dear Chuck, I need some help. I am a 50 year-old widow with a teenager at home, and I’m using credit cards to survive, drowning in late fees. I am over extended and miserable. My income cannot support my obligations so I decided to find […]

6 Christmas Budget Busters

The most common traps to overspending at the holidays and tips on how you can avoid them Christmas shopping can be the most expensive and stressful shopping experience of the entire year year. Many stores count on last minute, frantic shoppers to overspend out of desperation. So wehave compiled a list of these Christmas Budget Busters for […]

The States With the Most Revolving Debt

ZeroHedge.com recently revealed the states where consumers accumulated the greatest revolving debt. Hopefully, you were not among those who woke up regretting the addition of thousands of dollars to your credit cards over the holidays (at a 30% interest rate nonetheless). Minnesota and Wisconsin dominate the list of cities with the top 10 best credit […]

3 Phases of the Debt Cycle and How to Get Out

Originally posted on the Christian Post on January 6. Dear Chuck, I read your column about making New Year’s resolutions, and I’ve made mine: Get out of debt. It’s not my first attempt, but I’m hopeful that this time I can do it. I wish I had a more creative tale of woe, but it’s basically […]

8 Indicators of a Shopaholic

All of us have probably purchased something we didn’t need. But, do you know why? Lauren Greutman, gives reasons in an article she wrote for the Huffington Post. Here are a few she discovered, with my solutions to the problem. You want to impress people. Solution: Find your true identity in Christ. Greed and pride […]

10 Ways to Protect Your Budget from the Holidays

First of all, protect yourself from advertising overload. Companies know how to play on our emotions to get us to purchase their products. Rather, pray for legacy-building ideas that don’t require money. Intentionally plan a stress-free holiday that allows you to focus on Christ, the best gift of all. What do you have? Think about […]

The Connection Between Shopping and Emotions

According to Heather Gilmore, a writer for The Dollar Stretcher.com, “emotions can lead to the desire to shop or, on the other hand, shopping can lead to emotions. Shopping can be prompted by sadness, grief, loss, insecurity, guilt, and excitement.” Shopping can create a pleasurable experience making people want to experience the “high” again. The after-shopping […]

4 Principles for Borrowing Money

Borrowing is not prohibited scripturally, but neither is it encouraged. It is always presented as a negative with many warnings about its danger and misuse. Here are fundamental Biblical principles related to borrowing. Avoid borrowing unless absolutely necessary:  Borrowing should not be a way of life but the exception. Only if there is no other […]

5 Things You Should NOT Use Debt To Pay For

We live in a culture where debt is assumed to be essential for everything. The Bible tells us that the borrower is a slave to the lender so we should be vigilant in our efforts to avoid becoming financial slaves.  Here are the things I would not use debt to purchase: A Car. Financing something […]

If You Are Buying A Car, Don’t Do This

British comedian John Oliver recently took aim at the rampant rip-off that currently takes place in the auto-lending sector with BUY HERE – PAY HERE loans. These are loans that make it easy to purchase a car on credit but with high interest rates and severe penalties for missing a payment or default.  These are […]